CAPITAL MARKETS

Batavia divests yellowcake assets

BATAVIA Mining and Thor Mining, which is listed on London’s Alternative Investment Market, have reached an agreement for Thor to acquire Batavia’s portfolio of Northern Territory uranium assets in an all-scrip deal involving Thor listing on the Australian Stock Exchange.

Michael Vaughan

Thor has agreed to issue Batavia with 16 million shares and 8.5 million options following a planned capital consolidation. Thor currently has about 192 million shares on issue (priced at 3.12p) and plans...

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